YEREVAN, June 25. /ARKA/. The Black Sea Trade and Development Bank (BSTDB) and Ardshininvestbank signed $8-million credit agreement on Sunday. The money will be directed to mortgage lending.

“BSTDB funding is aimed at fostering implementation of one of the government’s priorities- development of mortgage market. We hope that these means, directed to offering available long-term mortgage loans to people, will ensure raising welfare of the population,” BSTDB President Andrey Kondakov said at endorsing ceremony.

On his side, Arshininvestbank Head Mher Grigoryan noted that financial aid will enable the bank to allocate mortgage loans for 30 years at 10% annual interest rate.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian Ardshininvestbank to receive $8 mln from BSTDB for mortgage lending

Tags: Ardshininvestbank, BSTDB, Credit

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The Black Sea Trade and Development Bank (BSTDB) will convene in Yerevan on June 21-24 for its annual meeting, the Central Bank of Armenia said in a press release

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Tags: Armenia, BSTDB

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Armeconombank to borrow $5 million from BSTDB for supporting small businesses.

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Tags: ARMECONOMBANK, BSTDB

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Armenian banks have managed to overcome the crisis with petty losses, Black Sea Trade and Development Bank President Andrey Kondakov said.

Categories: anticrisis.am @en @en, Banks @en, General news, News | Comments Off on BSTDB: armenian banks successfully overcome crisis with petty losses

Tags: Armenia, Banks, BSTDB, crisis

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The Black Sea Trade and Development Bank is considering room for extending loans to three Armenian banks.

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Tags: Armenia, Banks, BSTDB, LOANS

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BSTDB provided $70 million worth loans to support Armenian businesses.

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Tags: Armenia, BSTDB, LOANS

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A delegation of the Black Sea Trade and Development Bank (BSTDB), led by its chairman Andrei Kondakov, has arrived today in Armenia, the Central Bank of Armenia said in a press release.

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Tags: Armenia, bank @en, BSTDB, trade

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